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AI brief of an SEC Form 8-K · Ryder (R)

Ryder Q3 revenue rises 8% to $3.2 billion as EPS falls to $3.25 from $3.44

Mixed Impact 3 of 5 earnings Written later

Ryder reported third-quarter 2024 results for the three months ended September 30, with total revenue up 8% to $3.2 billion while GAAP earnings per share from continuing operations fell to $3.25 from $3.44. The company reaffirmed its full-year 2024 comparable EPS forecast of $11.90 to $12.10, citing weaker rental and used vehicle markets that offset higher earnings in its contractual businesses. For shareholders, revenue growth came with lower per-share profit, and the full-year outlook was held rather than changed.

Key points

  • GAAP EPS from continuing operations was $3.25 versus $3.44 a year earlier; comparable EPS was $3.44 versus $3.58.
  • Total revenue was $3.2 billion versus $2.9 billion; operating revenue (non-GAAP) rose 9% to $2.6 billion, reflecting recent acquisitions.
  • Fleet Management Solutions earnings before tax fell 22% to $132 million on weaker rental demand and lower used vehicle gains.
  • Full-year 2024 comparable EPS of $11.90 to $12.10 was reaffirmed; fourth-quarter comparable EPS is forecast at $3.32 to $3.52.

The filing

CompanyRyder (R)
Form8-K, current report
Filed with the SECOct 24, 2024, 6:55 AM ET
Accession number0000085961-24-000154

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 24, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.